New York Mortgage Trust (NYMT) to Release Earnings on Wednesday

New York Mortgage Trust (NASDAQ:NYMT) is expected to be releasing its earnings data after the market closes on Wednesday, February 19th. Analysts expect New York Mortgage Trust to post earnings of $0.03 per share and revenue of $20.06 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

New York Mortgage Trust Stock Up 1.0 %

New York Mortgage Trust stock opened at $6.15 on Tuesday. The firm has a market cap of $557.07 million, a price-to-earnings ratio of -18.64 and a beta of 1.92. The stock has a fifty day simple moving average of $6.05 and a two-hundred day simple moving average of $6.09. New York Mortgage Trust has a 12 month low of $5.14 and a 12 month high of $7.64. The company has a current ratio of 8.25, a quick ratio of 8.25 and a debt-to-equity ratio of 7.24.

New York Mortgage Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Friday, December 20th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 13.01%. The ex-dividend date was Friday, December 20th. New York Mortgage Trust’s payout ratio is currently -242.42%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NYMT shares. B. Riley cut their price objective on New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. StockNews.com raised New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $7.00.

New York Mortgage Trust Company Profile

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.